The first domestically produced methanol synthesis reactor, which has been localized to prevent tens of millions of dollars outflow, was installed at the second phase of the Sabalan Petrochemical Complex.
IRAN Feed Atom
The CEO of the National Petrochemical Company (NPC) announced that the total exports of the petrochemical industry over the past 11 months amounted to approximately $12 billion, of which $9.14 billion reinjected into the country’s economic cycle.
The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.
The Economic Council, reviewed and approved a request from the Ministry of Oil to amend a previous resolution regarding a gas supply project for power plants on Kish Island and to invest in the development and operation of the Band Karkheh oil field.
The CEO of the South Pars Gas Complex highlighted recent production records, stating that work and production are central to the country’s economic development and progress.
During the week to February 28, 6.048 billion cubic meters (bcm) of natural gas were produced and delivered to the national grid.
Bandar Imam Petrochemical Company (BIPC) has broken its six-year export record in the first 11 months of this year (March 20, 2024-February 18, 2025).
Russian Consul General in Iran Andrei Zhiltsov said Iranian products offer competitive pricing, quality, and variety, making them strong contenders against Chinese and Turkish goods in the Russian market.
During February 22-28, a record-breaking 660.236 million liters of liquid fuel for power plants were delivered, a 44% increase from the same period last year.
The Bid Boland Gas Refinery has implemented an acid gas collection project aimed at addressing energy imbalances, reducing greenhouse gas emissions, and preventing pollutants from entering the environment.
Iran's GDP grew by 3.1% YoY in the first nine months of 2024, including oil, according to the latest quarterly national accounts from the Statistical Center of Iran.
Representatives from Iran and Belarus' private sectors have held talks on establishing an industrial unit for the joint production of advanced equipment.
Iran and Brazil have agreed to expand their financial and banking relations, with a focus on using national currencies in bilateral trade and leveraging banking infrastructure for economic cooperation.
The spokesperson for the National Iranian Gas Company (NIGC) announced the production and delivery of 866 million cubic meters (mcm) of natural gas to the national grid.
PGPIC CEO emphasizes new plans to maintain economic momentum, stating serious financing solutions are needed even amidst sanctions, acknowledging that no solutions are impossible.
A new monitoring system aimed at advancing development projects and increasing production at the Aban, Paydar Gharb, Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields was unveiled Wednesday.
The South Pars Gas Complex's refineries have strategically supplied over 135 million barrels of gas condensates to the Persian Gulf Star Refinery since March 2024.
The CEO of the South Pars Gas Complex (SPGC) announced that the facility is making every effort to ensure public welfare during the country’s severe cold weather.
Shazand Oil Refinery's CEO confirmed normal operational activities, no disruptions to production or output of strategic products like gasoline and other essential derivatives.
The average daily distribution of mazut to power plants from February 19 to 24 reached 58 million liters, marking a 132% increase compared to the same period last year, when the average daily delivery was 25 million liters.